COMEX Gold continues to trade in a narrow range amid uncertainty regarding the timing when the US central bank will pivot to monetary easing
Federal Reserve Governor Christopher Waller said January’s jump in consumer prices warrants caution in deciding when to start cutting interest rates, though he still expects reductions to begin later this year (Bloomberg)
WTI Crude oil saw a modest decline but trades above $78/bbl as investors assessed lower OPEC+ output and rising Middle East tensions, against concerns about the outlook for consumption from top importer China
The U.S. Energy Information Administration said U.S. crude inventories rose by 3.5 million barrels to 442.9 million barrels in the week ending Feb. 16
LME base metals see marginal gains as softer dollar is providing a cushion while lack of signs of a pick-up in the struggling Chinese housing market keeps markets wary
Today, German Final GDP q/q and German ifo Business Climate will be in focus
